Popular investor and prominent cryptocurrency advocate John McAfee reiterated that the Bitcoin market “has now turned,” suggesting that the bottom is in. His announcement comes after Bitcoin price soared more than 20 percent in the last two days alone.
‘The Market Has Now Turned’
Bitcoin price gained upwards of 20 percent in less than two days. The cryptocurrency surged from around $4150 on April 1st to its current price point of about $4,980.
Historically, as its price starts to increase, so does the public interest toward it. Bitcoinist reported that Bitcoin has made it into the top ten of most searched terms on Google, hitting over 100,000 searches yesterday.
While most are looking for the exact reason that caused the massive spike in Bitcoin’s price, John McAfee came up with a statement that sounds a lot like “I told you so.” The popular entrepreneur said:
Everyone trashed me two weeks ago when I said: “The market has now turned”, so I’ve kept my mouth shut. I will now say it again: “The market has…